Elon Musk has reached out to reassure Tesla Inc. (TSLA) employees after a challenging six weeks marked by a significant drop in the company’s shares, describing the situation as “a little bit of stormy weather.”
Since the first week of February, Tesla shares have faced persistent bearish pressure, resulting in a drop of over 35% in value.
Musk explained that the company is simply undergoing a typical stock retracement, but he believes the media is amplifying the situation unnecessarily.